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lou: not according to nancy pelosi. i don't know if you saw. we reported up the p. >> i didn't. lou: the minority leader actually said, you cann cut your way to deficit reduction. i mean, this isthe kind of mentality that speaker boehner must confront and deal with. one would think that wold be a winner for him, but apparently not. >> i'm saying i am puzzled by the fact that he does not emphasize that much more andd3 really say, i'm not oing to talk but taxes. taxes is not on the table until the president comes forward with the plan on entitlements. lou: you are a formidable gotiator in your own right, experience, and i just want to ask you. why would anyone who is the leader of the republican party, frankly in a position, not insist uponealing with te president o has the superior power, the superior position and advantage,ot insist that any negotiation be at a specific table with specific parameters and in the -- end this nonsen that is at the periphery in permeate -- permeating th media >> that's right. well, the president, and this is one of the reasons why the president may
lou: not according to nancy pelosi. i don't know if you saw. we reported up the p. >> i didn't. lou: the minority leader actually said, you cann cut your way to deficit reduction. i mean, this isthe kind of mentality that speaker boehner must confront and deal with. one would think that wold be a winner for him, but apparently not. >> i'm saying i am puzzled by the fact that he does not emphasize that much more andd3 really say, i'm not oing to talk but taxes. taxes is not on the...
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nancy pelosi has said that if you want to find out what's in it, just pass it. we are finding out and we are going to have a terrific group of people, including john cruz, the vice president of hsbc, who is the whistleblower on the $1.9 billion in fines if they just had to pay for money laundering along with middle eastern terrorists. mexican drug cartels, african dictators, all of the really nice people that they had no idea where problem. by the way, nobody going to jail will be taking that up. we will have coming up next. tracy: all right, "lou dobbs tonight" at 7:00 p.m. and 10:00 p.m. eastern. when we come back, how to beat the street. covering your assets with tips with picking winners on wall street. stay with us you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. tracy: earnings season kicks off less than a month from now. coming up next, we will tel
nancy pelosi has said that if you want to find out what's in it, just pass it. we are finding out and we are going to have a terrific group of people, including john cruz, the vice president of hsbc, who is the whistleblower on the $1.9 billion in fines if they just had to pay for money laundering along with middle eastern terrorists. mexican drug cartels, african dictators, all of the really nice people that they had no idea where problem. by the way, nobody going to jail will be taking that...
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now they are back to sniping, speaker boehner and nancy pelosi and others going back and forth, that leads me to believe that things are falling apart, do you get that sense? >> we see here -- hear they are negotiating, we'll get a deal, then we hear the fighting going on, if the fighting continues, we're not getting a deal. i don't want a deal if it is just the same old deal that is not good for america. neil: do you worry, as i guy has been around the neck of the woods for a few years, that republicans are losing their verve. some more conservative members have said we lost an election but we did not lose everything that we stand for, yet, everything i hear talked about, are concessions on part of the republicans about revenues, but not so much about spending cuts, where does that put us. >> if we lose our core principle, reigning in spending and creating, be the job creators we'll lose our way the republicans. neil: you don't see the makings of a deal? we're tries to get a sense of the structure right now. you have to have the broad outline of the deal within a couple of days, any
now they are back to sniping, speaker boehner and nancy pelosi and others going back and forth, that leads me to believe that things are falling apart, do you get that sense? >> we see here -- hear they are negotiating, we'll get a deal, then we hear the fighting going on, if the fighting continues, we're not getting a deal. i don't want a deal if it is just the same old deal that is not good for america. neil: do you worry, as i guy has been around the neck of the woods for a few years,...
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the democrats like nancy pelosi, susan, saying that, you know, republicans don't get it. they are fiddling while rome burns. >> here's the problem with the polls you mentioned. that poll is interesting and instructive, but the poll that republicans are going to pay attention to is not the one you cited. the one poll -- the poll the republicans pay attention to is the one that blames them. actually, there's several that pin it on republicans saying the public thinks that boehner's doing the worst job. if they are paying attention to that lou, that could have more influence on the outcome. lou: i accept everything but the reading of their minds and ask you -- >> i can actually read their minds. lou: as always, i bow to superpowers, but the fact is i don't understand how the republicans over the course of this entire episode, and i will call it that, an incident, i guess, on the first of january, but why they have not developedded a message and a strategy and a response because they are an immensely powerful position. >> lou, you just backed up my whole argument because they
the democrats like nancy pelosi, susan, saying that, you know, republicans don't get it. they are fiddling while rome burns. >> here's the problem with the polls you mentioned. that poll is interesting and instructive, but the poll that republicans are going to pay attention to is not the one you cited. the one poll -- the poll the republicans pay attention to is the one that blames them. actually, there's several that pin it on republicans saying the public thinks that boehner's doing...
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then nancy pelosi came out and said, look, where have you been john boehner. they went back to jawboning and that is never constructive. when you are ripping each other in public, there is no way you could be doing much in private. connell: i keep waiting for them to wake up and there be a big bargain. to the republican path of leverage to get the spending cuts. gerri: they will offer the tax hikes and they will say we offered the tax hikes. they will go on record as risking a click event. they will say we did our part. no one wins in an environment where you could potentially hurl into a recession. the sense that i got from these guys is they will probably gather something. they really have too have at least the outline of a deal by friday or this weekend. i know that sounds bizarre, but they have three days to mark up a bill. three days to put it in conference. another three days to review. i am including the weekend days as they go forward here. they could change that. one would say, well, you know, we can change these rules and they can. it is either frida
then nancy pelosi came out and said, look, where have you been john boehner. they went back to jawboning and that is never constructive. when you are ripping each other in public, there is no way you could be doing much in private. connell: i keep waiting for them to wake up and there be a big bargain. to the republican path of leverage to get the spending cuts. gerri: they will offer the tax hikes and they will say we offered the tax hikes. they will go on record as risking a click event. they...
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gerri: o what you torespondto what nancy pelosi had tosay about hostage-ting today. pretty dramatic comments. th is nncy pelosi. >> the republicans are sayg that rather than pasing that they want to hold it hostage, giving an additional ax cut to people maing oer $250,000 a year. that i not negotiating. that is hostage-taking. gerri: how would you repondo that? >> wel i would respond by saying that it is just the opposite of that in my opinion. the hostage-taking right now is that this presidenthas drawn a line in the sand. he's onltalking out one side ts equation. we have crisis here in washington. are spendg currently a trillion dollars more than we are bringing in. this president under hs first four years increase the size of our federal government spending by 25 percent, and now he's king for more stimulus money. unfettered control. this really is a hostage situation, and thiis not wha the american people need. we have million americans looking f jos, searching for jobs. we don't need to add dditional taxes. gerri: coerswoman, look. the americapublic is goino bla
gerri: o what you torespondto what nancy pelosi had tosay about hostage-ting today. pretty dramatic comments. th is nncy pelosi. >> the republicans are sayg that rather than pasing that they want to hold it hostage, giving an additional ax cut to people maing oer $250,000 a year. that i not negotiating. that is hostage-taking. gerri: how would you repondo that? >> wel i would respond by saying that it is just the opposite of that in my opinion. the hostage-taking right now is that...
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nancy pelosi defending social security. remarks that senator dick durbin had made about how the white house was perhaps hearing that there were new possibilities. every time you hear about this, you see a bit of a reluctance when you get down to the specifics. >> okay, rich edson, you are the hardest working man. >> while the president tries to make headway in averting the fiscal cliff, the house is headed out for a long weekend. with a closed-door meeting with the president and speaker boehner, it was going on? the proposal that white house called the fantasy economics has now been seen by the republican rank and file. >> no, i have not, but i know the general outline of it. none whatsoever. no details given to us. behind closed doors, just with a few people involved. it is troubling, i think it's troubling to a lot of my constituents. tracy: the republicans splintering. with more on this, brad blakeman. we have president obama during an interview asking him to make more spending cuts. is that a good sign? >> it is a good
nancy pelosi defending social security. remarks that senator dick durbin had made about how the white house was perhaps hearing that there were new possibilities. every time you hear about this, you see a bit of a reluctance when you get down to the specifics. >> okay, rich edson, you are the hardest working man. >> while the president tries to make headway in averting the fiscal cliff, the house is headed out for a long weekend. with a closed-door meeting with the president and...
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we are reaching a dangerous, dangerous to pinpoint in this country, and we have nancy pelosi, the minority leader saying that you cannot cut your way to deficit reduction. mind-boggling. >> it is mind-boggling. after the second world war we cut our government spending by 60 percent. the economy boomed. we cut ourselves all the way into a big srplus. israel was in a catastrophic crisis in the mid 80's. it cut its way drastically to a surplus. lou: this country has long history. >> a new zealand. lou: this country, if we can be parochl allotted for a moment, we can learn from our own experience. it is pretty clear that when we talk about, as this administration has, returnng to a clintonnera tax rates, it would be a wonderful boon if we were to be able to also return to the balanced budgets of the clinton years, if we could return to the trillion dollar peace dividend that the bush years left on the doorstep of the clinton years. but none of that is ever examined. also, we also are the beneficiaries of a massive technology bubble and the markets. >> plants and reduced the capital gains tax b
we are reaching a dangerous, dangerous to pinpoint in this country, and we have nancy pelosi, the minority leader saying that you cannot cut your way to deficit reduction. mind-boggling. >> it is mind-boggling. after the second world war we cut our government spending by 60 percent. the economy boomed. we cut ourselves all the way into a big srplus. israel was in a catastrophic crisis in the mid 80's. it cut its way drastically to a surplus. lou: this country has long history. >> a...
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house minority leader nancy pelosi says democrats will knot discuss or talk social security. house speaker john boehner is still resistant to any tax rate increase. there are questions if we start to get closer to the new year when nearly every federal income tax rate is supposed to increase, would republicans still put a bill on the floor that would give the president what he wants on tax rates, just allow taxes to increase for families earning more than $250,000 a year? to that the speaker was noncommittal. >> the law of the land today is that everyone's income taxes are going to go up on january the 1st. i have made it clear that i think that is unacceptable. but, until we get this issue resolved that risk remains. >> in case of emergency the house should break the glass. the, house speaker ought to allow the republicans to vote on extending tax cuts for 98% of the american people. that would deal with a chunk of the so scald -- called fiscal cliff. >> short while ago house minority leader nancy pelosi says she hoped to get this done by christmas. that is looking closer an
house minority leader nancy pelosi says democrats will knot discuss or talk social security. house speaker john boehner is still resistant to any tax rate increase. there are questions if we start to get closer to the new year when nearly every federal income tax rate is supposed to increase, would republicans still put a bill on the floor that would give the president what he wants on tax rates, just allow taxes to increase for families earning more than $250,000 a year? to that the speaker...
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nancy pelosi had to say about this. >> we should be here and came as a surprise, and i'm really surprised that the republicans would leave. we maim in tuesday, and we left wednesday at twelve o'clock noon. with all that needs to be done, avoiding the conversation, sounds like people don't want to be in town for some reason. gerri: does she have a right -- are the republicans trying to avoid the conversation? >> no, absolutely not. we had a hearing this morning in the joint economic committee on this issue, but, you know, it's difficult. it's a one-sided conversation. we have put proposals out in may. there was a proposal or reconciliation bill to stop or reapportion the sequester that's going to happen on january 2nd, in july, passing a bill extending all current tax rates, additional 12 months to allow time to undergo tax reform which, i think, this is the big moment. this is the time to accomplish things. gerri: if it's a big moment, nothing's happening, and it's getting silly. i mentioned before that reid is spending time figuring out if they can get unbuttered popcorn into watch "linc
nancy pelosi had to say about this. >> we should be here and came as a surprise, and i'm really surprised that the republicans would leave. we maim in tuesday, and we left wednesday at twelve o'clock noon. with all that needs to be done, avoiding the conversation, sounds like people don't want to be in town for some reason. gerri: does she have a right -- are the republicans trying to avoid the conversation? >> no, absolutely not. we had a hearing this morning in the joint economic...